Prudential Financial Inc. reduced its stake in shares of Tata Motors Limited (NYSE:TTM) by 77.8% during the 4th quarter, HoldingsChannel reports. The fund owned 65,700 shares of the company’s stock after selling 230,900 shares during the period. Prudential Financial Inc.’s holdings in Tata Motors were worth $800,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Renaissance Technologies LLC boosted its holdings in Tata Motors by 14.6% in the third quarter. Renaissance Technologies LLC now owns 4,754,600 shares of the company’s stock worth $73,031,000 after purchasing an additional 605,900 shares in the last quarter. BlackRock Inc. boosted its holdings in Tata Motors by 10.7% in the third quarter. BlackRock Inc. now owns 3,013,445 shares of the company’s stock worth $46,287,000 after purchasing an additional 291,506 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Tata Motors by 10.6% in the third quarter. Hsbc Holdings PLC now owns 2,327,570 shares of the company’s stock worth $35,753,000 after purchasing an additional 222,532 shares in the last quarter. Credit Suisse AG boosted its holdings in Tata Motors by 65.2% in the third quarter. Credit Suisse AG now owns 1,454,967 shares of the company’s stock worth $22,348,000 after purchasing an additional 574,254 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in Tata Motors by 325.4% during the third quarter. Macquarie Group Ltd. now owns 1,308,214 shares of the company’s stock valued at $20,094,000 after acquiring an additional 1,000,700 shares during the period. Hedge funds and other institutional investors own 7.62% of the company’s stock.

TTM stock opened at $12.28 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.55. Tata Motors Limited has a 52-week low of $10.29 and a 52-week high of $27.87. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 40.06, a PEG ratio of -3.96 and a beta of 1.51.

Tata Motors (NYSE:TTM) last released its quarterly earnings results on Thursday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.31). Tata Motors had a negative net margin of 8.55% and a positive return on equity of 3.13%. The firm had revenue of $10.91 billion for the quarter, compared to the consensus estimate of $11.03 billion. As a group, equities analysts anticipate that Tata Motors Limited will post 0.98 EPS for the current fiscal year.

A number of research firms have issued reports on TTM. Zacks Investment Research upgraded shares of Tata Motors from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. ValuEngine cut shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Nomura restated a “neutral” rating on shares of Tata Motors in a report on Friday, February 8th. Finally, Bank of America cut shares of Tata Motors from a “buy” rating to a “neutral” rating in a report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Tata Motors presently has a consensus rating of “Hold”.

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About Tata Motors

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.

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Institutional Ownership by Quarter for Tata Motors (NYSE:TTM)

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